Cashew Kernels Processing Business Scope and Growth
The cashew kernel is deemed a rich source of fat and protein and is an excellent source of nutrients, phosphorus, and iron. It contains a very large proportion of polyunsaturated fatty acids, especially the essential fatty acid linoleic acid. Three big cashew goods are also sold on the global market: raw nuts, cashew kernels, and cashew nut shell oil. Usually, the fourth product, the cashew apple, is processed and eaten locally.
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Cashew is a famous dry fruit and is very common in all seasons in India. It is either eaten as raw or used in a variety of dishes such as sweets, gravy preparation, garnishing goods, etc. Global raw cashew demand in 2020-21 is estimated at 3,722,000 tonnes, with a total supply of 3,924,000 tonnes, with carryover stocks at 202,000 tonnes.
Demand and Scope in Indian Market
The cashew nut processing company is one of the most sought-after nuts of the dried fruits of an exotic tree species. Commercial farming of cashew nuts has been practiced in various countries, primarily in Andhra Pradesh, Tamil Nadu, Goa, Kerala, Karnataka, Orissa, Maharashtra, and Gujarat. INC projected the production of raw cashew in India at 6,91,000 tons in 2020-21 compared to 7,42,000 tons in 2019-20.
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The market for cashew nut is growing day by day, as it is one of the most valuable agricultural products exported from India to foreign countries. India is a top nation in the cultivation, processing, consumption, and export of cashew nuts, the cashew nut processing industry in India has the highest productivity rate in the world. More than 70% of processed cashew nuts are shipped from India to the world, while the Cashew Export Promotion Council of India (CEPCI) works to encourage cashew nuts and cashew nuts liquid shells (CSLN). The domestic sector is also the demand for two-thirds of total output, as cashew is the most consumable household in India.
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Global Market Business Trends
The cashew market is expected to have a CAGR of 4.6 % during the projected period (2020-2025). Of all the cashew-producing nations, the African countries contributed 56.5 % of global production, while the Asian countries contributed 44 % in 2018. In the last eight years, Vietnam has expanded its export reach to more than 85 countries. It is the biggest cashew provider in the United States, China, Australia, Canada, and New Zealand.
The United States was the world's biggest importer of cashew kernels, with shipments estimated at USD 1.6 million in 2018. Since cashew farming includes a frost-free tropical climate, cultivation in the United States is restricted to southern Florida, Hawaii, and Puerto Rico. In the United States, there is no industrial production of cashew nuts. Consequently, imports from countries such as Vietnam and India fulfill much of the local demand.
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Market Potential of Cashew Kernel Processing Business
The cashew kernel process business Has Been a gentle Business Since yesteryear. Also, The kooky Cashew Market Has Been Stable due to Its simple availability And Constant Demand. Over some years, there has been a shift of trend and innovation in the growth of its crop. The cashew kernel market has been increasing considerably due to several health attributes it possesses. Therefore, The cashew kernel market is roaring high and encompasses a bright future ahead. Also, in an exceedingly country like India, the demand shall ne'er go down due to its culture and tradition. The demand and market of cashew kernels are expected to grow, notably within the outlook amount. India’s dry fruit process business is multiplying, whereas cashew kernel consumption growth in India is additionally tremendous.
List of machinery and equipment used in Cashew Nut Processing
- Cooking Containers
- Cashew filling machine
- Cashew Peeling Machine
- Fragments strainer
- Hand Functioned Cutting equipment
- Hot furnace
- Husk Winnowing Machine
- Multi-color Cashew Kernel Sorting Machine
- Pieces separator
- Sealing Machine
- Semi-Automatic Shedding Appliance
- Shutting Machine
- Steam Boiler
- Steam Pipeline
- Steam Reservoir
- Weighing scale
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